First Financial Bankshares, Inc. (FFIN) Financial Statements (2023 and Earlier)

Company Profile

Business Address 400 PINE STREET
ABILENE, TX 79601
State of Incorp. TX
Fiscal Year End December 31
Industry (SIC) 6022 - State Commercial Banks (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments529729279249372253269
Cash and cash equivalents529729279249372253269
Total current assets:529729279249372253269
Noncurrent Assets
Property, plant and equipment150142131133124123116
Long-term investments and receivables5,389      
Long-term investments5,389      
Intangible assets, net (including goodwill), including:317318174175141144140
Goodwill313313172172140140140
Other undisclosed intangible assets, net (including goodwill)352314 
Total noncurrent assets:5,856461305308265266256
Other undisclosed assets6,7189,7157,6787,1756,6176,2906,140
TOTAL ASSETS:13,10210,9058,2627,7327,2556,8106,665
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt671430381469331446609
Total current liabilities:671430381469331446609
Noncurrent Liabilities
Other undisclosed liabilities10,6728,7966,6546,2106,0015,5265,251
Total liabilities:11,3439,2267,0356,6796,3325,9725,860
Stockholders' equity
Stockholders' equity attributable to parent1,7591,6781,2271,053923838805
Common stock1111111
Treasury stock, value     (7)(6)
Additional paid in capital677670451443378372369
Deferred employee stock ownership plan, issuance of shares or sale of treasury shares     76
Accumulated other comprehensive income99170683271847
Retained earnings982837708607517447388
Total stockholders' equity:1,7591,6781,2271,053923838805
TOTAL LIABILITIES AND EQUITY:13,10210,9058,2627,7327,2556,8106,665

Income Statement (P&L) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues376363317290303286268
Net investment income376363317290244232221
Financial services revenue585447
Cost of revenue (20)(3)(6)(7)(10) 
Provision for loan, lease, and other losses (20)(3)(6)
Financial services costs(7)(10) 
Gross profit:376344314284296276268
Operating expenses(14)(14)(12)(14)(107)(109)(98)
Operating income:361329302270189167171
Interest and debt expense(6)(14)(30)(19)(9)(5)(4)
Income from continuing operations before equity method investments, income taxes:355315272251180162167
Other undisclosed loss from continuing operations before income taxes(83)(73)(74)(73)(33)(26)(35)
Income from continuing operations before income taxes:272242198178147136132
Income tax expense(44)(40)(33)(28)(27)(31)(31)
Net income available to common stockholders, diluted:228202165151120105100

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:228202165151120105100
Other comprehensive income (loss)(71)10365(30)8(29)(0)
Comprehensive income:15630522912112976100
Other undisclosed comprehensive loss, net of tax, attributable to parent(38)      
Comprehensive income, net of tax, attributable to parent:11930522912112976100

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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